Midcoast Energy Partners (MEP) Scheduled to Post Quarterly Earnings on Thursday
Midcoast Energy Partners (NYSE:MEP) will issue its quarterly earnings data on Thursday, July 31st. Parties interested in registering for the company’s conference call can do so using this link.
Shares of Midcoast Energy Partners (NYSE:MEP) opened at 21.62 on Wednesday. Midcoast Energy Partners has a 52-week low of $16.96 and a 52-week high of $23.54. The stock has a 50-day moving average of $21.6 and a 200-day moving average of $21.24. The company has a market cap of $977.7 million and a price-to-earnings ratio of 89.59.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Midcoast Energy Partners from $22.00 to $23.00 in a research note on Friday, June 20th. They now have an “equal weight” rating on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Midcoast Energy Partners in a research note on Thursday, June 5th. They now have a $25.00 price target on the stock, up previously from $23.00. Finally, analysts at Global Hunter Securities initiated coverage on shares of Midcoast Energy Partners in a research note on Tuesday, June 3rd. They set an “accumulate” rating and a $24.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.
Midcoast Energy Partners L.P. is a vehicle for owning and growing its natural gas and natural gas liquids, or natural gas liquid (NYSE:MEP), midstream business in the United States.
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